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Re: Greece referendum: Early results show 'No' vote ahead

Originally Posted by MMC

I don't know EB. It appears its going to take a couple of days before the European parliament weighs in.

But euro zone officials shot down any prospect of a quick resumption of talks. One official said there were no plans for an emergency meeting of euro zone finance ministers on Monday, adding the vote outcome meant the ministers "would not know what to discuss".

The result also delivers a hammer blow to the European Union's grand single currency project. Intended to be permanent and unbreakable when it was created 15 years ago, the euro zone could now be on the point of losing its first member with the risk of further unraveling to come.

First indications were that any joint European political response may take a couple of days. German Chancellor Angela Merkel and French President Francois Hollande will meet in Paris on Monday afternoon. The European Commission, the EU executive, meets in Strasbourg on Tuesday and will report to the European Parliament on the situation.....snip~

If you liken Greece to the teenager with their parents credit card, and the IMF as the parent, seems that the teenager needs to learn how to better handle money, and the parent needs to cut the teenager off from the credit card and impose some much needed spending discipline.

Nancy Pelosi said: “We have to pass it, to find out what’s in it.” A Doctor called to a radio show & said: "That's the definition of a stool sample"
"Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket," Barack Obama January 2008

Re: Greece referendum: Early results show 'No' vote ahead

Originally Posted by chromium

well tell it to the deadbeats in germany who have refused for over 70 years - far longer than greece's current situation - to pay for the damage they caused

You are missing an important item here with this foolishness you have brought up. If this was so important to Greece why is this such an issue now that they cannot pay back the IMF, but this was not all that much of an issue when they joined the EU/Euro with Germany in the first place? Moreover, why was Greece not asking for this "debt" just two or three years ago when they knew damn well their own fiscal condition was in rapid decline?

The truth is Greece is using this German WW2 war "debt" as issue avoidance, just as you are. Greece over-spent, over-promised, and made these choices harming their fiscal future. Now that it is time to pay, they are blaming others and hiding behind anything they can find to avoid being responsible for their own actions.

"Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people." - Penn Jillette.

Re: Greece referendum: Early results show 'No' vote ahead

The Lefties that applaud this decision have NO IDEA what they're talking about. No idea what this means.

When Greek Banks stop receiving their much needed liquidity injections that too will be blamed on " the Banks " and the Troika.

In lefty land, its everyone else's fault, no matter how corrupt and criminal your own party is.

They tried equality socialism and ran out of money. They then lived off borrowing to fund it and that ran out. They now have a problem: Who else will fund their welfare socialist society and the answer is, no one. Greece is not the only EU country living on borrowed time.
What they should have addressed is the root cause of failure, not ways to carry on financing it.
Iceland was a prime example of the way to go.

Re: Greece referendum: Early results show 'No' vote ahead

Originally Posted by OrphanSlug

If this was so important to Greece why is this such an issue now that they cannot pay back the IMF, but this was not all that much of an issue when they joined the EU/Euro with Germany in the first place?

You clearly haven't been paying attention. You only have to spend about 20 minutes with a Greek guy in a bar for the topic of how much the Germans still owe them to raise its head. When was the last time you went out drinking in Greece? And you really never heard it mentioned? Really?

"The crisis will end when fear changes sides" - Pablo Iglesias Turrión

"Austerity is used as a cover to reconfigure society and increase inequality and injustice." - Jeremy Corbyn

Re: Greece referendum: Early results show 'No' vote ahead

I really wouldn't take this election too seriously. It's too important to leave in the hands of the People. I would bet anything that at the very least, the CIA and European Intelligence are working hard to assure an outcome that favors further bailouts.

Re: Greece referendum: Early results show 'No' vote ahead

Originally Posted by Andalublue

You clearly haven't been paying attention. You only have to spend about 20 minutes with a Greek guy in a bar for the topic of how much the Germans still owe them to raise its head. When was the last time you went out drinking in Greece? And you really never heard it mentioned? Really?

Again, why does this get Greece off the hook for their own fiscal mismanagement?

"Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people." - Penn Jillette.

Re: Greece referendum: Early results show 'No' vote ahead

Originally Posted by OrphanSlug

Again, why does this get Greece off the hook for their own fiscal mismanagement?

Well, it's a lot of money the Germans still owe the Greeks, yet to hear them you'd think the German bail-out cash was a gift from a dear and benevolent philanthropist, rather than a loan from a particularly rapacious loan-shark.

"The crisis will end when fear changes sides" - Pablo Iglesias Turrión

"Austerity is used as a cover to reconfigure society and increase inequality and injustice." - Jeremy Corbyn

Re: Greece referendum: Early results show 'No' vote ahead

Originally Posted by Andalublue

Well, it's a lot of money the Germans still owe the Greeks, yet to hear them you'd think the German bail-out cash was a gift from a dear and benevolent philanthropist, rather than a loan from a particularly rapacious loan-shark.

That was 70 years ago.

Are there specific post war agreements are yet to be fulfilled?

Seems like would/should have been brought up when the loan was being addressed....?